(Newser)
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Climate change legislation looks dead, and Paul Krugman knows what killed it. “It wasn’t the science, the scientists, or the economics,” he writes in the New York Times. It was “the usual suspects: greed and cowardice.” A carbon limitation would put at most a tiny dent in economic growth, but two industries would face negative impacts: oil and coal. Can you guess which industries are the biggest contributors to cap-and-trade’s most vociferous opponents?

But to kill the bill, those industries needed help from cowards like John McCain. McCain was once considered pretty green—he co-sponsored cap-and-trade legislation, something he touted during his presidential campaign. Now he’s opposed, “and it’s hard to see his switch as anything other than the act of a man willing to sacrifice his principles, and humanity’s future, for the sake of a few years added to his political career.” For more on 2010's record-high temperatures, click here.

Let's just continue to feed Iran 100 billion dollars everyday because we're so oil dependent and we only have 2% of the world's oil reserves. That makes a lot of sense. Let's just keep burning the coal and polluting the air and the water, anyone remember the dam break in tennessee on a resovoir pond for the coal company which caused the greatest enviromental disaster on american soil ever. Let's also not forget that they have some of the most powerful lobbyist in washington to buy politicians votes. All good reasons to fight a climate change bill, right?

MDD

Jul 27, 2010 4:18 AM CDT

His daughter is HOT, maybe she is to blame!!

DontLikeYou___

Jul 26, 2010 10:19 PM CDT

As "the earth bakes". LOL. You lefties are such incredibly weak-minded people. How sad to be you, Krugman.